S Subsidiary News

Equinor and its Brazilian subsidiary Rio Energy have started commercial power production at the Serra da Babilônia Solar facility in Brazil. Strategically co-located with the existing Serra da Babilônia Wind, this represents the first hybrid asset in Equinor’s power portfolio, comprising 140 MW of solar and 223 MW of wind capacity.Hybrid projects take advantage of the complementary nature of solar and wind resources, which generate power at different times of the day and throughout different seasons.

Integrated Wind Solutions (IWS), through its subsidiary IWS Fleet, has secured additional charter commitments for its Skywalker-class commissioning service operation vessels (CSOVs), closing gaps in its near-term schedule and expanding its multi-year backlog.IWS Fleet said it filled a gap in employment for the IWS Sunwalker in the first quarter of 2026 by securing a 70-day fixed charter extension. The vessel will begin its first charter shortly and now holds back-to-back firm…

Contemporary Amperex Electric Vessel (CAEV), a subsidiary of CATL, officially launched the world's first and only "ship-shore-cloud" zero-carbon shipping and integrated smart port solution at Marintec China 2025.The solution is designed to increase vessel electrification.Su Yiyi, General Manager of CATL Electric Vessel Department and Contemporary Amperex Electric Vessel said that previously, power supply, energy replenishment, and maintenance services were provided by separate suppliers.

France-based BIO-UV Group, a specialist in UV-, ozone-, salt-electrolysis- and AOP-based water-treatment technologies, has announced three senior appointments to support and strengthen the company’s expansion across new and existing markets.The changes include the appointment of Jean-Philippe Picard de Muller as Deputy General Manager of BIO-UV Group, the promotion of Steven Brady to Managing Director of Triogen in the United Kingdom, and the arrival of Patrice Garrigues as European Sales Director for the Group’s pool division.

TotalEnergies Marketing Middle East, a fully owned subsidiary of TotalEnergies based in Dubai, has time chartered a first-of-its-type 750 cubic meter hybrid lubricants bunkering barge from Tristar Group to supplement its Lubmarine division’s ship-to-ship operations in the port of Fujairah, UAE as of October 1st. The Tristar Eco Voyager, featuring a hybrid engine design that combines electric and biofuel power, coupled with an advanced powertrain, is designed to significantly reduce carbon emissions compared to traditional diesel propulsion barges.

Dutch towage and salvage company Multraship has welcomed its latest high-performance tug, MULTRATUG 30, built by Sanmar Shipyards.The 80-ton bollard pull vessel will operate with Bourgas Tug Service, Multraship’s Bulgarian subsidiary, boosting the company’s capacity for harbor and offshore towage in the region, while also strengthening its capabilities in salvage and emergency response.The new tug was christened on Friday, November 14, at the Passenger Terminal in Bourgas by Miglena Pendjuroff…

Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, entered into a three-year service level agreement (SLA) with Aker QRILL Company, a leader in krill harvesting. The contract covers a fleet of four krill harvesting vessels and two cargo vessels.A central part of the agreement is fleet-wide spare parts coverage. The SLA also includes annual preventive maintenance, technical support, and crew training for Antarctic Endurance, a  krill harvesting vessel delivered by VARD in 2019 and equipped with a complete SeaQ package covering bridge, automation, power and communications systems.

German navigation specialist Anschütz GmbH has founded a new subsidiary in the United States. Based in Bethesda, Maryland, Anschuetz USA Inc. aims to continue the successful tradition of “Anschütz of America” and optimize customer support for sales and service partners, commercial shipowners and shipyards, as well as government entities including the Coast Guard, Military Sealift Command, Navy and Army.Anschuetz USA is developing local expertise in navigation and bridge systems for the newbuild and refit market, while also strengthening the infrastructure for after-sales and servicing.

Austria’s Palfinger Marine has signed a contract to supply the world’s first fully electric offshore jib cranes for the Bałtyk 2 and Bałtyk 3 wind farms off Poland, marking an industry milestone in the electrification of offshore wind operations.The cranes, to be installed on the substations of the two projects, will be built at Palfinger’s facility in Gdynia, Poland, enhancing local content in the construction of the wind farms, which are being developed jointly by Equinor and Polenergia.Palfinger will equip the substations with two DKJ500e cranes…

Fincantieri has secured a new order for the construction of an ultra-luxury cruise ship for Norwegian Cruise Line Holdings (NCLH), which will be operated by its subsidiary Regent Seven Seas Cruises.Scheduled for delivery in 2033, the new vessel will be a sister ship to Seven Seas Prestige, the first of the new Prestige Class, currently under construction at the Marghera shipyard and set for delivery in 2026. A second ship in the same class is already scheduled for delivery in 2030.The agreement…

Business Korea reports that two tankers built at domestic Korean yard K Shipbuilding will be delivered under the U.S. flag and able to trade within the US.Construction will begin on the two 50,000dwt medium range tankers early next year for delivery in 2027.They will transport crude oil and LNG after Greek shipping company Stealthgas transferred the order to its U.S. subsidiary, reports Business Korea, citing sources. Construction will be supervised by ABS.More companies are expected to follow suit.

Seatrium Limited has announced that it has entered into a binding agreement with Brazilian vessel operator, Posidonia Shipping and Trading Ltda, an unrelated third party, to sell 100% equity interest in its indirect wholly-owned subsidiary, Guanabara Navegação Ltda (GNL). GNL is a special purpose vehicle that owns two units of platform supply vesselsThe total consideration for the sale of GNL is $59.7 million. This accretive divestment is in line with the Group’s strategic intent to divest non-core assets to enhance capital and operational efficiencies…

Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, has signed an agreement with the German shipyard Lloyd Werft for the delivery of complete automation and power management systems to a Platform Supply Vessel (PSV) currently being converted into a research vessel.The scope of supply covers the removal of the vessel’s existing automation systems, replacing it with Vard Electro’s advanced SeaQ Integrated Automation System (IAS) and SeaQ Power Management System (PMS)…

Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, and Royal Vopak, signed a shareholder agreement to establish a new company in the Special Economic Zone at Duqm (SEZAD). The agreement, concluded during the Duqm Economic Forum 2025, reflects OQ’s continued commitment to expanding its investments in Duqm and supports national efforts to attract foreign investment and strengthen global partnerships.The agreement was signed by Ashraf Hamed Al Mamari, Group Chief Executive Officer of OQ and Chris Robblee…

Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind’s affiliate, regarding the dispute over the termination of a $475 million contract for a nearly completed wind turbine installation vessel (WTIV) originally intended for Equinor’s Empire Wind 1 project in the United States.The arbitration notice, received on October 21, comes just one day after Seatrium Energy (International) (SEI), a subsidiary of Seatrium, informed the buyer that the vessel would be ready for delivery by January 30…

St. Johns Ship Building (SJSB), a subsidiary of Americraft Marine Group, announced the receipt and commissioning of a new 100-ton Link-Belt rough terrain crane, acquired through funding provided by the U.S. Department of Transportation’s Maritime Administration (MARAD) Small Shipyard Grant Program.The Link-Belt 100|RT is fabricated and assembled in Lexington, Kentucky, U.S.A. This heavy-lift crane expands the shipyard’s material-handling and modular assembly capabilities, supporting a growing backlog of both commercial and government vessel programs.The 100|RT crane features a five-section…

ST Engineering’s Marine business and Siemens Energy have been awarded a second contract by Transcontinental Capital Corporation (Bermuda), a subsidiary of Seaboard Corporation, to deliver Estrella del Mar IV, a barge-mounted power plant to Santo Domingo in Dominican Republic.The new power plant will be based on its predecessor, the Estrella del Mar III, which was commissioned in 2022.When completed, it will enhance the Dominican Republic’s energy infrastructure with greater efficiency…

Fincantieri Marine Group, the American subsidiary of one of the world’s largest shipbuilding groups Fincantieri, hosted an event in honor of the U.S. Navy and Marine Corps’ 250th anniversary on October 15 at the Army and Navy Club in the nation’s capital.The event featured remarks by George Moutafis, CEO of Fincantieri Marine Group, as well as a panel discussion moderated by Dr. Steven Wills of the Center for Maritime Strategy. The panelists included Brent Sadler of Heritage Foundation…

Trident Maritime Systems, a maritime systems and solutions provider and portfolio company of J.F. Lehman & Company (JFLCO), has announced the divestiture of Trident Maritime Systems UK Limited and its subsidiaries, including Aeronautical & General Instruments Limited (AGI).The companies are being taken on by DC Capital Partners, a private equity firm focused on middle market government and engineering companies.AGI is a provider of highly engineered electronic systems that support landing, navigation, communications and other mission-critical naval applications.

The latest U.S. sanctions on a major Chinese crude oil terminal have forced refining group Sinopec to divert a supertanker and ask some plants to cut crude processing rates, according to ship tracking data and Chinese consultancies.A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S. imposed sanctions on an import terminal at the port on Friday, LSEG data showed.Shortly after the U.S. announcement…

The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting a terminal through which the state major handles one-fifth of its crude oil imports, industry executives and analysts said.The sanctions announced on Thursday further complicate U.S.-China relations, coming ahead of planned talks between Presidents Donald Trump and Xi Jinping later this month.The move follows China's decision to tighten controls on rare earth exports…

St. Johns Ship Building, a Jones Act shipyard and a subsidiary of Americraft Marine, has been awarded a new contract by Johnson Bros. Corporation, a Southland Company, for the construction of three 140’ x 40’ x 8’ steel material deck barges with spud wells.All fabrication and assembly work will be performed at St. Johns Ship Building’s Palatka, Florida facility. The project further accelerates the shipyard’s growth, following multiple recent vessel deliveries and new contract awards from both commercial and government customers.This contract also supports St.

German propulsion specialist Schottel has established a new subsidiary in the United Kingdom to strengthen its market presence in Britain and Ireland and expand customer support.Schottel UK will primarily focus on newbuild and retrofit sales, aiming to provide on-site support and tailored assistance for designers, builders and owners throughout the specification and procurement process.While Schottel UK will mainly focus on newbuild and retrofit projects, aftersales support in the U.K.